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I'm sure some will disagree, but I've never been able to find a page that got up to PR5 with only PR3 links. I'd take the 6 in a New York minute.
[edited by: Marcia at 5:07 pm (utc) on Dec. 17, 2002]
The page that is more relevant to your content!;)
The more relevant the page, then the more qualified the traffic it drives to your site. PR is irrelevant.
The amount you would gain from either would be negligible. Youd be better choosing one and moving on to finding more links!
Relevancy has nothing whatsoever to do with Page Rank, and an increase in PR can and generally will cause a boost in rankings. For ranking purposes, to give a PR boost, take the 6.
I'm familiar with lots of sites that have LOADS of PR3 links, with a couple better ones thrown in, that stay at PR4. With only a few decent links a site can move from PR4 to PR5 - and move from #3 to #1, which can mean the difference between sales or no sales.
There's a link here that explains how to figure Page Rank:
a PR 3 = 10^3 = 1,000 and a PR 6 = 10^6 = 1,000,000
Next there is the dampening factor, say 75% (just for demo), the real PR gets multiplied by .75 so in the two examples, the transferred PR would be 750 & 750,000.
Then you have to account for the number of outbound links, lets say 10 & 100. The PR3 page with 10 outbound links would transfer 750/10=75 to each link. The PR6 page with 100 outbounds would transfer 750,000/100=7,500 to each link.
But the real answer was already tendered which is to say that PR is but one element and arguably not all that important of an element. Perhaps more important is getting a link from a relevant page.
The actual serps algo is complex and everchanging. But the smart folks here seem to agree that you want a link from the most relevant page regardless of its PR.
I also have not seen any that way round so it does suggest I target the 6/10
However there must be some higher PR pages with lots of lower pages pointing at them unless Google starts its calculations by awarding various pages perhaps like Yahoo and dmoz 10 and 9 /10 and then counts all the rest of the web down from there?
Another thing - how are the rankings and traffic on those sites. It's hard to tell sometimes about traffic unless it's a site you're familiar with, and I've seen where clicks are fabricated - I suspect them running bots to impress the link partners, which keeps their main page PR6, but yet it doesn't come up for any relevant search results.
By the way, is this two different sites you're talking about, or choosing a link from alternate pages on one site?
Sure a PR3 site can be worth more in the future, but a PR6 site usually is both a better link - and also better traffic.
It is as has been pointed out - much more difficult as you move up the scale....
As taxpod points out, PR isn't everything. According to my figures a PR6 page with 10 links will give more PR than 20 PR5 pages with 10 links each, but the 20 PR5 pages may give more ranking benefit (which is more important in some ways).
As Dino M suggests, there's a very significant fall in the PR given out beyond a certain number of links per page (I don't know how many exactly).
Google always comes around and stikes down the SEO's they try to manipulate the results with "great vengence and furious anger" eventually. We've seen it happen plenty of times in the past.
That's just my opinion anyway.